THE GEORGE WASHINGTON FOUNDATION (EIN 540525507) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1922

Legal Domicile

Principal Officer

WILLIAM E GARNER

Phone

5403733381

Tax Period

2024-01-01 to 2024-12-31

THE GEORGE WASHINGTON FOUNDATION, founded in 1922, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2018. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $2.3M exceeded revenue, resulting in a 38% operating deficit.

Mission

THE MISSION OF THE GEORGE WASHINGTON FOUNDATION IS TO ENHANCE THE PUBLIC UNDERSTANDING OF THE LIVES, VALUES, AND LEGACIES OF GEORGE WASHINGTON, FIELDING AND BETTY WASHINGTON LEWIS AND THEIR FAMILY MEMBERS, PARTICULARLY IN THE BROADER CONTEXT OF THE CULTURE OF THE FREDERICKSBURG, VIRGINIA AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,573,665

Program Service Revenue $237,438

Investment Income $1,522,670

Other Revenue $16,580

TOTAL REVENUE $3,350,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,625,101

Fundraising Expenses $323,905

Program Expenses $1,953,837

Other Expenses $1,180,131

TOTAL EXPENSES $2,805,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,350,353	$2,238,621	+0.5%
Expenses	$2,805,232	$2,506,620	+0.1%
Net Income	$545,121	$-267,999	-3.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

129

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$212,695

Total Directors

$212,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM E GARNER	PRESIDENT	40.00	Officer Director	$187,186	$25,509	$212,695
LUCY G HARMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DONALD H NEWLIN	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT M JOHNSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RONALD E DAVIS	CHAIR	1.00	Officer Director	$0	$0	$0
FREDERICK M ANKLAM JR	TRUSTEE	1.00	Director	$0	$0	$0
LINDA L BLAKEMORE	TRUSTEE	1.00	Director	$0	$0	$0
KOSTAS CONSTANTINE	TRUSTEE	1.00	Director	$0	$0	$0
ELEANOR F DOAR	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN DRAPER	TRUSTEE	1.00	Director	$0	$0	$0
PHILIP G EMERSON	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER R HALL	TRUSTEE	1.00	Director	$0	$0	$0
KATHARINE T HARBISON	TRUSTEE	1.00	Director	$0	$0	$0
LLOYD B HARRISON III	TRUSTEE	1.00	Director	$0	$0	$0
CHARLOTTE KETTLER	TRUSTEE	1.00	Director	$0	$0	$0
BERNARD W MAHON JR	TRUSTEE	1.00	Director	$0	$0	$0
BETH NEWBURGER	TRUSTEE	1.00	Director	$0	$0	$0
MARY JANE PITTS O'NEILL	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY REPP	TRUSTEE	1.00	Director	$0	$0	$0
BENJAMIN N WAFLE	TRUSTEE	1.00	Director	$0	$0	$0
JOYCE V WAHR	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY L WALTERS	TRUSTEE	1.00	Director	$0	$0	$0
MARY LOU WESELIN	TRUSTEE	1.00	Director	$0	$0	$0
ROSALIE G SAVAGE	TRUSTEE EMERITA	1.00	Director	$0	$0	$0
JMH WILLIS JR	TRUSTEE EMERITUS	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$3,350,353	$2,805,232	$37,300,506	$545,121
2023	$2,238,621	$2,506,620	$36,518,691	$-267,999
2022	$2,352,140	$2,698,108	$35,192,017	$-345,968
2021	$2,847,343	$2,398,699	$39,220,156	$448,644
2020	$1,742,004	$2,329,205	$37,522,416	$-587,201
2019	$1,761,084	$2,343,787	$36,996,200	$-582,703
2018	$1,640,071	$2,260,805	$35,404,291	$-620,734

THE GEORGE WASHINGTON FOUNDATION